The demands of citizens of the European Union for housing and business in Turkey are increasing day by day. In this context, about 44 percent of the 140 thousand 832 foreigners who have evaluated their investments by buying houses and land worth 18 billion TL in Turkey have been citizens of the European Union countries.

The General Directorate of Land Registry and Cadastre shared the data on the immovables that foreigners bought from Turkey.

Conditions regarding the acquisition of immovable property from Turkey starting from the Ottoman Empire and continuing in the Republican period are determined by Law No. 6302 of 18 May 2012 and Article 35 of the Deed Law. As a result of this amendment made in 2012, the number of foreigners purchasing real estate increased with the removal of the “reciprocity condition” in real estate purchases.

The number of foreign nationals who acquired immovable property after the change was 92 thousand 638. These people, the value of 16 billion 475 million 356 thousand 603 liras, 85 thousand 410 residences, such as the independent section of work and 7 thousand 167 land was the main immovable.

Until today, total of 140 thousand 832 foreigners, 18 billion 174 million 543 thousand 348 liras worth of 119 thousand 280 residences, such as the workplace with 11 thousand 145 land as the owner of the main immovable.

At the beginning of the year 2012, Iraqi people with 12,989 people, Russians with 10,491 people, British with 7,159 people, Kuwait with 7,111 people and Saudi Arabians with 6,342 people were among the top foreigners who acquired immovable property from Turkey.